Boomers 'anxious' about real estate decisions

Despite recession, demographic often confuses buying power with real wealth

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Unlike the Greatest Generation (those who grew up during the Great Depression), baby boomers have never been labeled as risk-averse. They take chances, look for adventure and are generally positive about the aspects of aging.

They overborrowed for homes, cars, tuitions and vacations, leading Eric Snider, who holds a doctorate in social psychology and once served as Shea Homes’ marketing director for Trilogy, the company’s upscale active adult communities, to say "baby boomers never met a loan they didn’t like."